Upwork Inc (NASDAQ: UPWK) kicked off on Monday, down -1.02% from the previous trading day, before settling in for the closing price of $9.78. Over the past 52 weeks, UPWK has traded in a range of $8.43-$16.36.
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A company in the Communication Services sector has jumped its sales by 22.39% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 80.61%. With a float of $118.58 million, this company’s outstanding shares have now reached $137.27 million.
In an organization with 800 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 76.18%, operating margin of 6.82%, and the pretax margin is 10.25%.
Upwork Inc (UPWK) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Internet Content & Information Industry. The insider ownership of Upwork Inc is 10.17%, while institutional ownership is 77.80%. The most recent insider transaction that took place on Aug 19 ’24, was worth 196,368. Before that another transaction happened on Aug 19 ’24, when Company’s Officer proposed sale 1,433 for $9.65, making the entire transaction worth $13,826.
Upwork Inc (UPWK) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 80.61% per share during the next fiscal year.
Upwork Inc (NASDAQ: UPWK) Trading Performance Indicators
Take a look at Upwork Inc’s (UPWK) current performance indicators. Last quarter, stock had a quick ratio of 3.00. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.72. Likewise, its price to free cash flow for the trailing twelve months is 20.95.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.54, a number that is poised to hit 0.24 in the next quarter and is forecasted to reach 1.08 in one year’s time.
Technical Analysis of Upwork Inc (UPWK)
Let’s dig in a bit further. During the last 5-days, its volume was 3.5 million. That was better than the volume of 2.14 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 48.24%. Additionally, its Average True Range was 0.58.
During the past 100 days, Upwork Inc’s (UPWK) raw stochastic average was set at 25.74%, which indicates a significant decrease from 32.39% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 73.20% in the past 14 days, which was higher than the 41.56% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $10.75, while its 200-day Moving Average is $12.48. However, in the short run, Upwork Inc’s stock first resistance to watch stands at $9.95. Second resistance stands at $10.21. The third major resistance level sits at $10.41. If the price goes on to break the first support level at $9.48, it is likely to go to the next support level at $9.28. The third support level lies at $9.02 if the price breaches the second support level.
Upwork Inc (NASDAQ: UPWK) Key Stats
The company with the Market Capitalisation of 1.28 billion has total of 133,118K Shares Outstanding. Its annual sales at the moment are 689,140 K in contrast with the sum of 46,890 K annual income. Company’s last quarter sales were recorded 193,130 K and last quarter income was 22,220 K.
